Fleet operators track vehicles in real time to reduce idle time and transportation costs and thereby increase the operational efficiency. The purpose of this is to provide effective fleet tracking, real-time monitoring, a dedicated remote server for fleet data, and security features in a single system. With the adoption and the advancement of technologies, one can measure maintenance costs and monitor the driver's behavior. Also, the data generated from fleet management can be downloaded to analyze and make a cost-effective decision or enhance safety or take decisions as per requirement. For instance, a manager of a fleet of cars can get the data of fuel efficiency based on the route taken.
Government initiatives to increase safety and the demand by fleet operators to effectively track the vehicles and thereby reduce the transportation cost and increase the operational efficiency drive the market. However, security & privacy concerns will always be the major cause of restraint for the market. The automatic data capture and transfer reduces manual entry and human errors; and this is a major opportunity for the market.
The market is segmented into transportation type, hardware, connectivity, solution, and geography. By transportation type, it is divided into automotive, rolling stone, and marine. By hardware, it is classified into tracking, optimization, ADAS, and diagnostics. By connectivity, is categorized into short, long, and cloud. By solution, it is bifurcated into tracking and optimization. By geography, it is analyzed across North-America, Europe, Asia-Pacific, and LAMEA.
The key players mentioned in the report are BMW, ChainwayTSP Co., Ltd., CarTrack Technologies Co. Ltd., Denso Corporation, General Motors, Hyundai Motors, Infineon Technologies AG, Magellan and Trimble Navigation Ltd., Precious Shipping Company Private Limited, Workwave LLC, and Zonar Systems.
- This report provides an extensive analysis of the current and emerging market trends and dynamics in the global smart fleet management market.
- In-depth analysis is conducted by constructing market estimations for the key market segments between 2017 and 2023.
- Exhaustive analysis of the market helps understand the technologies that are currently used along with the variants that are expected to gain prominence in the future.
Smart Fleet Management Market Key Segmentation:
BY TRANSPORTATION TYPE
- Rolling Stock
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East
- ChainwayTSP Co., Ltd.
- CarTrack Technologies Co. Ltd.
- Denso Corporation
- General Motors
- Infineon Technologies AG
- Magellan and Trimble Navigation Ltd.
- Precious Shipping Company Private Limited
- Workwave LLC
- Zonar Systems